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Ottawa Unveils National Electricity Plan to Double the Grid by 2050

Ottawa loosens clean‑power rules to keep electricity reliable during a rapid buildout.

Overview

  • Canada released its Powering Canada Strong strategy Thursday, setting a goal to double electricity capacity by 2050 and to cut bills for about 70 percent of households.
  • The government will amend Clean Electricity Regulations to give natural‑gas plants more leeway and allow greater use of credible carbon offsets to protect reliability and contain costs.
  • The plan estimates more than $1 trillion in construction and relies on investment tax credits and public financing tools such as the Canada Infrastructure Bank and the Canada Growth Fund.
  • Ottawa opened a four‑month consultation and tasked the Major Projects Office to craft a transmission intertie strategy that could fast‑track priority grid links.
  • Prime Minister Mark Carney and Alberta Premier Danielle Smith confirmed a Calgary announcement Friday on an industrial carbon‑pricing implementation deal, which sources say would set $130 a tonne by 2040 and help advance a potential West Coast pipeline.